Property assessments are about determining HOW property taxes are distributed. What happens to your property taxes when your assessment changes? Learn more about the relationship between property assessments & property taxes by viewing this short video.
Tuesday, January 3, 2017 The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.
British Columbia's new assistance program for first-time home buyers has the potential to bolster a segment of the property market that has stayed strong in the midst of sliding sales, according to one market observer.
VICTORIA - B.C.'s new tax on foreign buyers was turned into law Thursday. But nobody - not even the government - knows what will happen next. The governing B.C. Liberals ended their emergency summer session of the legislature by passing housing legislation with what amounted to a roll of the dice on one of the biggest tax changes since 2009's ill-fated Harmonized Sales Tax.
A big change in the works for home buyers in Canada. Finance Minister Bill Morneau has announced the federal government is increasing the down payment home buyers will need on houses over $500,000. Morneau says it's a move designed to cool off the booming real estate market in some of Canada's largest cities.